Take a look rns out today

BTW: Compare Turkish gold plays by looking at STI. They also have some news out and the SP seems to be on the march.

Ariana Resources PLC
27 April 2006





27 April 2006
AIM: AAU

KEPEZ: NEW GOLD ZONE DISCOVERY


Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces the discovery of a significant zone of
high grade (up to 9.7 g/t) gold mineralisation at its Kepez prospect within
Ariana's 100% owned Sindirgi project in western Turkey. Kepez is one of five
identified prospects within the 224 km2 licence area.


Highlights:

New gold-bearing silicified zones up to 50m wide discovered at the Kepez
prospect
Peak rock-chip grades of 9.77 g/t Au and 68.1 g/t Ag
Peak rock-chip grades in a newly identified stockwork zone of 9.73 g/t
and 3.56 g/t Au


New Gold Zone, Kepez Prospect

In April 2006, a field team from Ariana's Turkish operating subsidiary, Galata
Madencilik San. ve Tic. Ltd. Sti. ('Galata') completed a programme of
reconnaissance rock-chip sampling and mapping over the Umurlar target within the
Kepez prospect area. Kepez hosts over 2.5km of mapped quartz veins including the
Karakaya Vein, approximately 1.5km south of Umurlar, where the Company recently
announced (February 2006) significant channel sample intersections, including
8.68 g/t Au over 16m.


Rock-chip samples were collected from three silicified bodies (quartz
stockworks, breccias and veins) outcropping at surface for up to 150 metres in
length, discontinuously along a total strike length of 1km and within a zone up
to 50m wide. Sampling has defined the presence of gold and silver mineralisation
at Umurlar, with peak grades of 9.77 g/t Au from a previously mapped area and
9.73 g/t Au (including 68.1 g/t Ag) as well as 3.56 g/t Au from a newly
identified quartz stockwork zone. The silicified nature of these areas indicate
formation at a high level in the hydrothermal system and the results highlight
further potential at depth, where grades may be expected to increase. Mapping
and systematic surface sampling will be undertaken to define targets for future
drill testing.


We have recently announced the discovery of a major gold zone within the
Kiziltepe prospect, which is one of five identified to date within the Sindirgi
project area.


Steven Poulton, Chief Executive, commented:

'This is the second major announcement within a week. Our team working at
Kiziltepe have confirmed a significant new gold zone and we now have the return
of consistent good grades over these silicified bodies at Umurlar within the
Kepez prospect, which is very encouraging. With over 45km of gold-silver bearing
epithermal quartz veins from only 50% of the 224 km2 Sindirgi project area, and
with new zones constantly being located, Ariana's strategy has been to define
multiple priority drill targets for resource definition. Our systematic approach
is paying dividends as the considerable potential for the project area becomes
increasingly clear'.



Contacts:

Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.cominfo@
arianaresources.com Mobile: 0797 408 6712

Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888


Editors note:


About the Sindirgi Gold Project

The Sindirgi gold project covers an area of 224 km2 in Balikesir Province,
western Turkey. To date at least five target areas have been defined by Ariana,
which include the prospects of Kiziltepe, Kepez, Karaduz, Kavakliduz and
Kizilcukur. Previous operators have defined over 45km of low sulphidation quartz
veins on the project. Sindirgi lies approximately 100km east of the one million
ounce vein-hosted Ovacik gold mine and 115km northwest of the five million ounce
Kisladag gold mine. Ariana acquired the Sindirgi gold project from Newmont
Mining Corporation (NYSE & ASX: NEM; TSX: NMC) in March 2005. Newmont retains
the right to a royalty of up to 2.5% on future gold production from the Sindirgi
gold project.


About the Kepez Prospect

The Kepez prospect lies within a 36km2 ten-year renewable operating licence
within the Sindirgi gold project which also contains the Kiziltepe prospect.


Kepez hosts over 2.5km in strike length of gold-silver bearing low-sulphidation
epithermal quartz veins, across an area of at least 2km by 1km. Individual veins
are exposed for up to 850m and widths vary between 1m and 25m. The main vein
trends northward, dips to the west at 50 degrees and is hosted along the contact
between Miocene age andesitic volcanic rocks and Cretaceous ophiolitic units.
Channel sampling by Ariana (previously reported in February 2006) returned a
best intersect of 8.68 g/t Au over 16m.


Sampling and Assaying Procedures

The Umurlar programme at Kepez consisted of the collection of 28 reconnaissance
rock chip samples. Of these 19 samples returned grades less than 0.5 g/t Au (67%
of the total), 3 samples between 0.5-1 g/t Au (11% of total), 3 between 1-5 g/t
Au (11% of total) and 3 samples assayed above 5 g/t Au (11% of total), with a
peak grade of 9.77 g/t Au.


All samples have been prepared by the ALS Chemex preparation facility in Izmir
and assayed by fire assay at the ALS Chemex laboratory in Vancouver. Regular
standard and blank samples are being used in the sample sequence in line with
the Company's quality control procedures.


Dr Kerim Sener, BSc (Hons), MSc, PhD, is Ariana's Exploration Director. A
graduate of the University of Southampton in Geology, he also holds a Master's
degree from the Royal School of Mines (Imperial College, London) in Mineral
Exploration and a doctorate from the University of Western Australia. He is a
Fellow of The Geological Society of London and has worked in geological research
and mineral consultancy in Southern Africa and the Northern Territory of
Australia. He has read and approved the technical disclosure in this regulatory
announcement.


About Ariana Resources

Ariana is a technology-driven exploration company focused on the discovery of
multi-million ounce potential epithermal gold-silver and porphyry copper-gold
deposits within the Tethyan metallogenic belt of Turkey. The Company has a
portfolio of prospective licences covering approximately 1,000km2, selected on
the basis of its advanced in-house remote sensing database. Ariana's broker is
Ambrian Partners Limited and Beaumont Cornish Limited is the Company's nominated
adviser.


For further information on Ariana you are invited to visit the Company's website
at
www.arianaresources.com
.



Ends



This information is provided by RNS
The company news service from the London Stock Exchange

Kicking myself, has been on my watch list for ages.

Bugger.

Good post K.

Suggestion - as with many small natural resources exploreres, the price will probably drop off a bit after the inital excitement, as this has a tiny Mkt Cap and it will be a while before gold production starts. There will therefore be a few buying opportunities ahead. If I was flush with cash at the moment - which I'm not as I am fully invested - then I'd probably get a chunk now and then watch and wait and add more on SP weakness.

Check the chart for Patatgonia Gold (PGD) - the SP rocketed on very good news near the end of last year, but subsequently dropped off by about a third, creating a buying opportunity for some.

FYI I invest for the medium term, so this might not suit your strategy. WDIK, please make up your own mind.

Just found this on the other side:

Good article out on AAU.Registration to the site is free.

http://www.proactiveinvestors.com/registered/articles/article.asp?AAU

Ariana Resources: An early stage gold play with plenty of potential

Before I met with Steven Poulton, Chief Executive of Ariana Resources last week, I asked a few contacts in the City for their impressions of the company.

Slightly surprising to me, only one of them had even heard of Ariana. Part of the trouble of being a new and very small capitalised gold explorer on the Alternative Investment Market [AIM] is lack of exposure. Yet not entirely the company's fault; they are working on a small budget with a large amount of acreage to explore in Turkey, so it's only natural that the Public and Investor Relations budget is somewhat small in comparison to larger companies. A company like Ariana is also competing with hundreds of other small cap companies for investor awareness who think they are equally interesting and warrant the attention of savvy investors.

One question, when I was in Turkey about 2 years ago I visited a few gold producing companies which crafted jewlery. If I remember correctly Turkish gold under the laws of the country wasn't sold on the world market but through business based in Turkey itself. Anyone know if this still applies?

Thanks Soul Traders

KD.

On a quick scan of recent news, this is looking ever more encouraging. Lots of gold being discovered and now a new drilling programme being funded by a placing to raise 2 million. I'm afraid that this increases the number of shares in issue by almost 50% to almost 47 mil, BUT with increasingly good prospects this ought to do quite nicely.

Institutional and directorial ownership runs at 77% prior to the placing and will probably be over 80% after the placing. Placing shares are tradeable from tomorrow.

1) The share will be very illiquid and therefore very difficult to trade
2) Is today/tomorrow the time to be looking at investing in another gold miner when gold still has (imo) a lot of correcting to do?

All depends on if you believe "correcting" is price positive or negative cynic!!

At the moment I think the end of the world is coming ...... not really I don't, but this market is really murderous as far as i am concerned ..... A bid for AB Ports would cheer me no end ..... All that is required is for the alleged strong rumour to be true ..... and of course a surge by VOG back to where they deserve to be, and a definite positive result from Eagle 1 for EME ..... similar from their Glantal gas project would be icing on the cake.

Cynic, I'm flagging AAU more as one to watch. After giving it some more thought I should think there's a lot more fundraising in the pipeline which will mean a fair bit more dilution. This summer could see buying opportunities for anyone really long-terming it, but near-term there's probably more value to be had in projects like Ridge Mining.

PS The end of the world is not on its way - it has already happened and we're now in the stage where people murder entire families for a tank of petrol and we all start sporting really bad haircuts and wearing clothes made out of motorcycle parts.

I've always thought it a shame how the first casualty of the apocalypse is style.

Ariana Resources PLC - Kiziltepe Drilling Underway
RNS Number:9866H
Ariana Resources PLC
23 August 2006


23 August 2006

AIM: AAU
DRILLING UNDERWAY AT KIZILTEPE GOLD PROSPECT

Ariana Resources plc ('Ariana' or 'the Company'), the gold exploration company
focused exclusively on Turkey, announces the commencement of a 3,700m diamond
drilling programme at the Kiziltepe prospect within the Company's 100% owned
Sindirgi gold project in western Turkey.

* Drill rig mobilised and phase one of a 3,700m diamond core programme
underway
* Previous intersections include 6.29 g/t Au over 13.5m from channel
sampling at surface
* Kiziltepe prospect hosts at least 19km in strike length of gold-silver
bearing quartz veins

A total of 37 drill holes are planned at the Kiziltepe prospect to depths of up
to 150m. The programme has been designed to test the depth and grade
continuation of five principal gold-silver bearing epithermal quartz veins,
namely, Arzu South, Arzu North, Banu, Hale and Vein 5. A key objective of the
current programme is to define an initial gold resource for the Arzu South vein
in compliance with the JORC code. Drilling on the Arzu South vein is expected to
be completed by late November 2006 and initial results announced thereafter.

Ariana acquired the Kiziltepe prospect as part of the Sindirgi gold project from
Newmont Altin Madencilik Limited Sirketi, a subsidiary of Newmont Mining
Corporation (NYSE & ASX: NEM; TSX: NMC) ('Newmont') in January 2005. Newmont
retains a Net Smelter Returns royalty of up to 2.5% on future gold production
from the Sindirgi project.

Independent technical consultants SRK (UK) Limited have previously prepared a
geological model of 150,000 ounces at Arzu South (not a resource as defined by
the JORC code), representing approximately 5% of the known vein system at
Kiziltepe, based on an average gold grade of 4.2 g/t to an approximate depth of
150m.


Steven Poulton, Chief Executive, commented:

'The start of drilling at the Kiziltepe prospect, which hosts over 19km in
strike length of gold-silver bearing epithermal quartz veins, represents a
significant milestone towards defining an initial resource estimate. Our
decision to focus on the Arzu South vein is based on encouraging drilled
intersections reported by previous operators including 7.23 g/t over 10m and
extensive channel sampling by Ariana which returned grades of up to 6.29 g/t Au
over 13.5m.

'With a strong balance sheet from our successful 2 million financing in May
2006, a portfolio of prospective projects and a strong technical team on the
ground, Ariana is extremely well placed to deliver value for its shareholders.'


Contacts:

Ariana Resources plc
Steven Poulton, Chief Executive Tel: 01235 511 767
s.j.poulton@arianaresources.cominfo@arianaresources.com Mobile: 0797 408 6712

Bankside Consultants
Michael Padley / Susan Scott Tel: 020 7367 8888


About the Kiziltepe prospect

The Kiziltepe prospect lies within a 36 km2 ten-year renewable operating licence
which forms part of the Company's 100% owned 224 km2 Sindirgi gold project in
Balikesir Province, western Turkey. The project area lies approximately 100km
east of the one million ounce vein-hosted Ovacik gold mine and 115km northwest
of the five million ounce Kisladag gold mine.

Kiziltepe hosts at least 19km in strike length of gold-silver bearing
low-sulphidation epithermal quartz veins across an area of at least 3km by 1km.
Individual veins are exposed for up to 700m and widths vary between 1m and 14m.
The main veins trend NW, dip to the northeast and are hosted within Miocene age
andesitic volcanic rocks. The majority of exploration work to date at Kiziltepe
has focused on the Arzu South vein, where results from drilling by previous
owners include intersections of 7.23 g/t over 10m and 10.55 g/t over 7.5m.
Channel sampling by Ariana (previously reported in November 2005) returned a
best intersect of 6.29 g/t Au over 13.5m.

Sampling and Assaying Procedures

The drill core will be transported to the Company's core storage facility in the
local town of Sindirgi for logging, splitting and photographing. Half the core
will be prepared as one meter samples and sent to the ALS Chemex preparation
facility in Izmir and a 50g fire assay undertaken at the ALS Chemex laboratory
in Vancouver. Regular standard, duplicate and blank samples are being used in
the sample sequence in line with the Company's quality control procedures.

The drilling program will be managed by Ariana's exploration team under the
supervision of Dr Kerim Sener (Exploration Director) and Mr Muhannad Arar
(Projects Manager). Dr Sener is a graduate of the University of Southampton in
Geology, he also holds a Master's degree from the Royal School of Mines (
Imperial College, London) in Mineral Exploration and a doctorate from the
University of Western Australia. He is a Fellow of The Geological Society of
London and has worked in geological research and mineral consultancy in Southern
Africa and the Northern Territory of Australia. He has read and approved the
technical disclosure in this regulatory announcement.

About Ariana Resources

Ariana is a well funded technology-driven exploration company focused on the
discovery of epithermal gold-silver and porphyry copper-gold deposits with
multi-million ounce potential within the Tethyan metallogenic belt of Turkey.
The Company has a portfolio of prospective licences covering approximately
1,000km2, selected on the basis of its advanced in-house remote sensing
database. Ariana's broker is Ambrian Partners Limited and Beaumont Cornish
Limited is the Company's nominated adviser. For further information on Ariana
you are invited to visit the Company's website at www.arianaresources.com.


This information is provided by RNS
The company news service from the London Stock Exchange

END

Am I alone in suspecting that this little company could well be worth a punt?

Soul t

No I am watching with interest !! up 2 so far drilling started at kiziltepe ,but debating on oxs but aau is on watch list

georgetrio

I have not found out much new info on Ariana Resources, how ever if it takes a drop again this week may have a go, but will keep doing research. last news 23Aug closed today at 12 mid.??

Smiler, I continue to watch too - with far more concentration than before, I hasten to add!

The period between now and the drilling results could provide buying opportunities. AAU looks cheap compared with STI (compare also PGD, but that's not in Turkey!), but has better prospects unless I've missed something.

WDIK, PDYOR, etc.

Just noticed the price drop today (told you I was concentrating ;o) !!).

Looks like the last buys went through at 12p, but it's difficult to tell as my broker has assigned these as "?".

I find it hard to believe that it has dropped back to previous levels after the recent news, and that on low volume too. As I say, I'll continue to watch and wait. Mid-July, the SP was exploring 10p - maybe it'll get back under 11 before picking up.

Soul traders

I agree, I do feel this does have potential at the right price ! lets hope the recent bomb attacks in Turkey does not put off potential investers ! interesting to see whats happens this week !